Loan Programs > Commercial Real Estate > Freddie Mac SBL
Freddie Mac SBL
Get the attention and follow-through you deserve for your multifamily deal, from a top agency lender who specializes in small balance.
Overview
We offer small balance loans from $1 million to $7.5 million with both fixed- and hybrid-rate structures, and we take pride in delivering quick closings backed by flexibility and common-sense underwriting.
Freddie Mac SBL for Multifamily Properties
Ready Capital is an approved, top Freddie Mac Optigo™® lender. If agency lending is the best match for your multifamily acquisition, refinance, or recapitalization, we are your single source. Our Small Balance Loan (SBL) program operates nationwide, with fast answers, superior process transparency, and results you can count on.
Loan Terms
| Loan Purpose | Acquisition; refinance; recapitalization |
| Loan Amount |
$1 million to $7.5 million |
| Loan Term | 5 years to 20 years |
| Rate Type | Floating (SOFR-based) |
| Closing Timeline | 30-45 days |
| Fees | None (par to lender) |
| DSCR/Debt Yield |
1.20x Top Market 1.25x Standard Market 1.30x Small Market 1.40x Very Small Market |
| Amortization | 30 years; partial & full-term interest only (IO) available |
| Future Advances | n/a |
| Earnouts | n/a |
| Escrow | RE Taxes if LTV > 65%; Reserves if >50 units |
| Principal Recourse | Non-recourse with standard carve-outs |
| Prepayment | Multiple stepdown options; yield maintenance |
| SBL | n/a |
| Legal Fees | Generally $7,500 or less per loan |
Recent transactions
We consider the full range of value-add strategies and deliver structured finance solutions backed by experienced CRE lending professionals.
Nationwide lending at its best
Our team of professionals have deep industry expertise, offering brokers and sponsors commercial real estate know-how and confidence through all markets and credit cycles.